Skip to comments.Bloomberg Has A New Billionaire Rankings List That Should Kill Every Other Billionaire Rankings List
Posted on 03/05/2012 7:25:18 AM PST by SeekAndFind
Well, this should give Forbes—known for their annual "rich lists"—a run for their money.
Last night, Bloomberg released the "Bloomberg Billionaires Index," the first daily global ranking of the richest people in the world as part of their coverage of wealth.
The index is available here, and its most noticeable characteristic is that it is built to change daily depending on stock fluctuations and economic/company news. From the methodology—
The index is a dynamic measure of the world’s wealthy based on changes in markets, the economy and Bloomberg reporting. Each net-worth figure is updated every business day at 5:30 p.m. New York time. Stakes in publicly traded companies are valued using the share’s most recent closing price. All numbers are in U.S. dollars at current exchange rates.
This could mean trouble for Forbes, which is known for publishing lists detailing various types of rich individuals. The magazine's annual billionaire's list usually drops in March, though it seems like for 2012 Bloomberg has beaten them to the punch. The 2011 list is available on the Forbes site right now.
For today, the 3 list toppers on Bloomberg's Index actually match the top 3 in Forbes' 2011 list of the world's billionaires—starting with Mexican business mogul Carlos Slim Helu, followed by American internet giant Bill Gates and investment guru Warren Buffett.
We'll have more comparisons of the richest kids on the block up later today.
(Excerpt) Read more at businessinsider.com ...
That’s really cool. The only billionaires in the green today are the leftwing’s scariest boogeymen the Koch Brothers and a bunch of Walmart heirs!
It’s not a revenue issue, it’s a spending issue. If you confiscate every penny of the U.S. billionairs on the list, (301.3 billion/1.17 trillion), you would only pay down the deficit by about 26%.
Rush is on this today. Diane Sawyer and her socialist friends in the media are outraged the list is so large and postulate the billionaires are not self-made but are given their money.
Obama and his friends in academia believe the best way to be come a billionaire is to print it.